Greek budget showed primary surplus of 1.463 billion euros in Jan-AprilChristian Fernsby ▼ | May 28, 2019
Greek state budget showed a primary surplus of 1.463 billion euros in the January-April period, from a budget target for primary deficit of 670 million, but down from a primary surplus of 1.8 billion euros in the same period in 2018, the Finance Ministry said in a report released on Monday.
Greek business The general government balance showed a deficit of 1.041 billion euros
Net revenue was 15.956 billion euros, up 8.9 pct from budget targets, while regular budget revenue was up 8.9 pct to 17.147 billion euros in the first four months of 2019.
Revenue exceeded targets in the categories of: VAT of goods and services (8.9 pct), other taxes on services (16.5 pct), property taxes (5.6 pct), production taxes (5.0 pct), corporate income tax (5.3 pct), capital taxes (91 pct), transaction taxes (9.1 pct) and sales of goods and services (434.7 pct) and other revenue (18 pct).
On the other hand, revenue fell short of targets in the categories of: VAT on oil products (3.1 pct), VAT on tobacco (9.1 pct), special consumption tax on tobacco products (10.9 pct), stamp (21.3 pct), income tax (1.6
ct), other income taxes (7.9pct) and other current taxes (15.6 pct). Tax returns totaled 1.191 billion euros, up 98 million from budget targets, while Public Investment Program revenue rose 37 million from
argets to 893 million euros. Budget spending reached 16.997 billion euros in the four-month period, down 769 million from targets.
Public Investment Program spending was 886 million euros, down 154 million from targets.
Regular budget spending were up 1.729 billion euros compared with the same
eriod last year due to higher interest payments. In April, budget revenue was 3.971 billion euros, down 24 million from monthly targets, while regular budget revenue was 4.2 billion euros, up 20 million from targets.
Pubic Ivnestment Program revenue was 11 million euros, down 159 million from monthly targets, while tax returns was 229 million euros in April, up 44 million from targets.
State budget spending was 4.243 billion in the month, up 241 million euros from monthly targets. ■